Beleaguered company was parent of fan favorite developer Atlus

According to a Nikkei report, SegaSammy Holdings is set to purchase the embattled Index Holdings conglomerate for USD$141 million (¥14 billion), with Sega reorganizing the gaming divisions under its purview and including fan favorite developer/publisher ATLUS.

The purchase is set to be completed in November, with managerial control of Index Holdings to SegaSammy currently underway. Earlier this summer, following a raid on corporate offices and executive residences, it was discovered that Index Holdings was engaging in illegal accounting practices in order to improve its stock price. After the raids, the company officially filed for Civil Rehabilitation while it sought additional partners to keep the conglomerate viable.

Bloomberg Japan reported shortly afterward that multiple companies were in the running to either purchase Index outright or purchase selected subsidiaries to manage, with SegaSammy being one of the frontrunners in early August, with the latest news confirming Bloomberg Japan's initial timeframe for the purchase.

To that end, Sega Sammy Holdings has officially established a new subsidiary known as Sega Dream Corporation in order to purchase Index Holdings, with Index Digital Media Inc, better known as Atlus USA, now being owned by the new subsidiary along with other Index gaming divisions.